Why The Rothchilds Investing In BitCoin Is Bleh News To Me
Having been in the cryptocurrency space for few years, there's always talk of someone big jumping in. Will this have an effect on the Bitcoin price? Maybe, but I don't think it really matters!!
While their investment of $210,000 seems very substantial, that's like dipping your toe in a kiddie pool and saying you're swimming in the ocean. The amounts of capital that the Rothschilds have a their disposal, has to be somewhere in the billions if not trillions of dollars. So putting $210,000 is similar to us buying off of the McDonald's dollar meal menu.
As major hedge funds get into the market, that's when we can think that the Bitcoin value, will take a larger pivot into an upward trend. If the price does go higher it will mostly be because of South Korea, and China's investment into the space.
I would wait for a little bit before making any major investments, there still seems to be a little bit of fear in the marketplace. But of course I could be wrong speculation is always speculation!
On the USD chart, as seen above, you'll see that we've been fighting right around 2,871.56. As there still a little bit of uncertainty in the market, we could see a little bit of a pullback.
What do you think?
Article/Image: https://cointelegraph.com/news/rothschild-inv-corp-invests-in-btc-per-sec
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I'm mad that I passed up that dip to 1800 last weekend. Wish I'd loaded up a bit that Sunday evening. Who knows how high it could go. I saw a post about some pundit calling for $500,000 per coin in 3 years. Unbelievable. I'd like to see it consolidate and maybe retrace a little bit once more to the sub 2500 level before buying more. But then I could miss the boat by sitting on my hands. Decisions decisions.
I feel you still have an in for another dip. Some Texas law maker is shouting for regulation so the worried will worry. lol
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